Mfg jumps to 8-month high in March on new orders

THE manufacturing sector recorded its best show in eight months in March with the purchasing managers index (PMI) rising to 58.1, up from 56.3 in February, as per the data compiled by a private agency.

- ENS ECONOMIC BUREAU @ Mumbai

In February, the manufacturing PMI had dropped to a 14-month low of 56.3 due to weaker growth in output and sales, along with a slowdown in input purchasing. The rise was driven by stronger fresh orders, as the new orders index reached its highest level in eight months, supported by increased customer interest, favourable demand conditions, and successful marketing initiatives, HS